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Month: July 2019

Myanmar investment internet CDC

CDC makes its first direct equity investment in Myanmar, backing Frontiir

UK development finance institution CDC announced its first direct equity investment of $30 million in Myanmar with Frontiir Co. Ltd, the country’s leading internet service provider. The investment is aimed at supporting Frontiir’s plans to expand internet coverage to 22 lower-income townships in Yangon and Mandalay by 2022, and create job openings for an estimated …

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Foreign investment manufacturing

Myanmar investment inflows double from China as deals surge

With investment inflow from China and Singapore doubling, foreign investment in Myanmar is showing signs of recovery. In value terms, Chinese and Hong Kong investment in Myanmar grew 150% to $590 million. Approved foreign investments rose 79% on the year for the six months ended in June, totalling $2.35 billion, according to Myanmar’s Directorate of …

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